Venezuela's socialist party confirms Maduro as official candidate

Venezuela's ruling socialist party officially tapped President Nicolas Maduro as its candidate for this year's election.

Socialist party chief Diosdado Cabello on Friday announced the unanimous decision. The government has said the election will be held by the end of April, AP wrote.

Venezuela's opposition coalition hasn't selected a candidate or decided if it will participate.

Maduro says that in his second term he'll wean Venezuela's economy off of oil production.

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